Press release
Automotive Brake Master Cylinder Market Prevalent Opportunities upto 2018 - 2028
Automotive Brake Master Cylinder Market: Dynamics
Availability of lightweight master cylinder materials resulting in vehicle’s low weight with higher efficiency and better performance is estimated to attribute towards the significant growth of automotive brake master cylinder market during the forecast period. Furthermore, longer lifespan, high reliability, growing automotive industry in Asia Pacific, and the MEA, among other regions, are the driving factors for the global automotive brake master cylinder market. Moreover, tandem master cylinder consisting of more than one piston helps in giving more surface area for pressure application and thus increasing the load capacity, which is estimated to be the factor driving the growth of the automotive brake master cylinder market during the forecast period.
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However, besides these benefits, the global brake master cylinder market is estimated to witness other restraining factors such as remanufacturing of brake master cylinder that affects the new sales and life span, hampering the growth during the forecast period. Moreover, constant use of the master cylinder may result in wearing out of seals with internal leaks resulting in the spongy, and mushy pedal, which is further expected to hamper the growth of the automotive brake master cylinder market during the forecast period.
Automotive Brake Master Cylinder Market: Segmentation
The global automotive brake master cylinder market can be segmented on the basis of product type, vehicle type, and sales channel.
On the basis of product type, the global automotive brake master cylinder market is segmented into:
Single-cylinder
Ported Tandem Cylinder
Portless Master Cylinder
On the basis of vehicle type, the global automotive brake master cylinder market is segmented into:
Two-wheelers
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
On the basis of sales channel, the global automotive brake master cylinder market is segmented into:
Original Equipment Manufacturer (OEM)
Aftermarket
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Automotive Brake Master Cylinder Market: Regional Outlook
Asia Pacific is expected to dominate the global automotive brake master cylinder market in terms of revenue and volume as the demand for four-wheel and two-wheel drives is expected to gain popularity over the next decade in countries such as India, China, and South Korea. Western Europe, followed by North America, is expected to gain traction and show significant growth over the forecast period owing to increasing passenger car demand. Latin America and Eastern Europe automotive brake master cylinder markets are expected to show slow growth as the demand for two-wheel drive is expected to decline. The Middle East and Africa automotive brake master cylinder market is expected to show significant growth owing to adoption of advanced technologies related to four-wheel drives in countries such as UAE, Qatar, and Saudi Arabia.
Automotive Brake Master Cylinder Market: Key Participants
Examples of some of the key market participants in the global automotive brake master cylinder market are:
Robert Bosch GmbH
Rodova Co., Ltd
TRW Automotive
Endurance Technologies Limited
Metelli S.p.A.
CARDONE Industries
Girling Ltd
FTE automotive Group
Federal-Mogul Motorparts LLC
Brake Parts Inc.
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